WHAT WE DO

Omega Oil and Gas Limited (ASX: OMA) is a dynamic Australian exploration company with a dual focus on oil and gas, leveraging a two-pronged approach to unlock the vast petroleum potential of Queensland’s Taroom Trough, an emerging frontier in the Bowen Basin. The company’s recent breakthrough at the Canyon-1H well revealed substantial oil flows alongside gas production, positioning Omega as a leader in both sectors, along with proving that although small – Omega has the ability to flawlessly execute large, technical milestones such as the Canyon-1H fracture stimulation test.

Founded in 2020, Omega’s countercyclical strategy has delivered major hydrocarbon discoveries, including Canyon-1 and Canyon-2. Omega’s Canyon-1 project has unveiled solid gas rates plus an extensive oil play, offering two attractive commercialisation pathways. This highlights the presence of a large and prospective petroleum system capable of supporting decades of commercial production.

Backed by prominent resource investors and driven by technical expertise, Omega is committed to developing both oil and gas opportunities. Its innovative horizontal drilling and fracture stimulation methods have demonstrated robust well performance, validating the potential for high-yield development wells. With plans to supply both domestic markets and LNG export terminals, Omega is poised to play a pivotal role in shaping Australia’s energy future.